As the first layer-2 scaling solution for NFTs on Ethereum, Immutable X is filling a true gap and need in the market. This is because Ethereum’s current proof-of-work (PoW) architecture is only able to process transactions per second (TPS). Immutable X addresses these issues by offering scalability, with up to 9,000 TPS, and no gas fees when minting and trading NFTs. Additionally, it does this all while still retaining Ethereum’s security and compatibility across multiple DApps. Because of this, Immutable X is the leading layer-2 scaling solution for NFTs on Ethereum — something which makes it a magnet for NFT platforms looking for scalability, security, and lower costs.

What are Some Popular Games Built on ImmutableX?

Now, due in part to the rise of Web3 gaming, Ethereum network usage has become more popular than ever. Immutable X leverages zero-knowledge proofs, a cutting-edge cryptographic technique, to validate transactions without revealing sensitive information. This proactive measure is designed to shield users from potential fraud and theft, assuring them of a secure NFT trading environment. Another unique feature of Immutable X is the powerful set of  REST APIs that can simplify complex Blockchain interactions. Users can easily create and send NFTs via API calls without interacting with smart contracts directly.

The Growth of ImmutableX

These tokens can be owned, traded, and monetized for fetching lucrative returns. Just trade a minimum of $10 of eligible NFT collections on the IMX marketplace. At the end of each day, you will be rewarded ImmutableX coins based on your trading volume proportional to the total trading volume of the entire ImmutableX protocol pool. Each day, Immutable pays out 100,000 IMX to traders across all NFT marketplaces integrated with the IMX global shared orderbook. The program rewards users with IMX tokens every time they trade eligible collections on the IMX marketplace and all marketplaces integrated with the ImmutableX shared global orderbook.

How Is the Immutable Network Secured?

The price of Immutable (IMX) is calculated in real-time by aggregating the latest data across 76 exchanges and 101 markets, using a global volume-weighted average formula. This funding, along with Immutable’s cutting-edge technology and a strong roster of top Web3 games, has proven critical in attracting top gaming partners from around the globe. In Q alone, ImmutableX onboarded over 50 games and has an additional 1,000 games being built in a test environment. Top https://cryptolisting.org/ titles like Ember Sword switched over from layer-2 blockchain Polygon, while other games like Deviants’ Factions and StarHeroes migrated over from the now-defunct Terra ecosystem. Using the power of StarkEx zero-knowledge rollups (ZK rollups), ImmutableX can offer transaction speeds of up to 9,000 TPS, all while still leveraging the security of the Ethereum blockchain. In addition to buying $IMX, users can also earn $IMX through the $IMX Trading Rewards program.

Immutable community

It supports applications with unique business logic, functioning off-chain for computations while ensuring state transition validity on-chain. StarkEx enables scalable, self-custodial transactions across various sectors, including DeFi and gaming, by batching transactions and employing STARK technology for security. Its architecture includes off-chain components for transaction execution and on-chain components for state commitment and asset management. Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog. The team consists of more than 100 members from different backgrounds like blockchain, FAANG, finance, fintech, and management consulting. Investors included some of the “who is who” in blockchain investing, such as Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital and Galaxy Digital. More than 40% of web3 gamers spend more than 10 hours playing web3 games every week.

1. The program rewards users with IMX tokens every time they trade eligible collections on the IMX marketplace and all marketplaces integrated with the ImmutableX shared global orderbook.
2. Another unique feature of Immutable X is the powerful set of  REST APIs that can simplify complex Blockchain interactions.
3. In 2022, IMX has seen quite a different pattern, although its token price has remained above its initial launch value.
4. But as the game grew, more issues arose around Ethereum’s scalability constraints.

Meanwhile, Alex Connolly is a highly experienced technologist with over two decades in the gaming industry. Let’s start our expedition to the world of Immutable X to explore new investment opportunities within the NFT hub. The way that layer 1 (Ethereum) works is that every transaction requires all nodes in the network to validate it. This is important for security and decentralization, but it means that each transaction can take some time to be confirmed. It is a technology that enables smart contracts and decentralized applications to be built and run without any downtime, fraud, control or interference from a third party.

In addition to these remarkable partnerships and integrations, Immutable X continues to collaborate with other projects, further expanding its reach within the Ethereum ecosystem. These efforts underscore Immutable X’s commitment to providing a seamless and efficient rent expense accountingtools NFT trading experience for users and developers alike. Immutable X is not just another crypto buzzword; it represents a groundbreaking solution that addresses one of the most pressing issues in the digital asset space – scalability and sustainability.